Author: Dennis Isong
There is a shortfall in the number of houses required to accommodate the teeming Nigerian Population even though the actual percentage figure needs a confirmation.
However, the Federal Government through the Honorable Minister for Works and Housing, Mr. Babatunde Raji Fashola has at least admitted that there is a shortfall when he unveiled plans currently ongoing with the Federal Ministry of Finance to address housing shortfall concerns.
The Nigerian Government, in its public pronouncements, has put the task of driving the construction industry with the private sector particularly in the housing sector. Furthermore, the Federal Government has promised to support the industry with appropriate fiscal and monetary policies to drive down lending rates for all players in the industry.
The footprints of private sector in the real estate has seen a rapid increase in Nigeria since 2007 with the approval of several mass housing schemes, subsequently a lot of Nigerians especially those in paid employments entitled to a mortgage facility are involved in one housing project or the other.
This article is to put together to provide insight to house owners or potential house owners on the current prices of building materials in Nigeria to aid in financial planning.
HIKE IN PRICE OF THE BUILDING MATERIALS IN NIGERIA
Due to the persistent depreciation of the Naira, the cost of building materials has experienced a drastic hike between prices 2020 and 2021 especially for imported products. Other reasons that have led to the increase in cost include:
Rising inflation
High interest rate
Inefficient distribution network of materials
Poor Road infrastructure for haulage
Ban on importation of cement
The table below gives cost comparison of various building materials in 2021 for selected brands as at September 2021
Products Description September 2021
CEMENT
Dangote 32.5 & 42.5 50kg(1 bag) 50kg(600 bags=1 trailer load) 3,800 2,250,000.00
Elephant Superset 50kg(1 bag) 50kg(600 bags=1 trailer load) 3,650,00 2,150,000,00
Elephant 50kg 50kg(600 bags=1 trailer load)- 3,700.00 2,200,000.00
Eagle 50kg(1 bag) 50kg(600 bags=1 trailer load) 3600.00 2,100,000.00
Bua 50kg(1 bag) 50kg(600 bags=1 trailer load) 3,650.00 2,150,000,00
Ibeto Regular 50kg(1 bag) 50kg(600 bags=1 trailer load) 3,600.00 2,100,000.00
Lafarge 50kg(1 bag) 50kg (600 bags =A trailer load) 3,450.00 2,070,000.00
Unicem 50kg.(1 bag) 50kg(600 bags =A trailer load) 3,800.00 2,300,000.00
GRANITE
¾ inch, cargo 20 tonnes(1 trip) 125,000.00 – 143,000.00
½ inch, cargo 20 tonnes(1 trip) 122,00.00 – 145,000.00
¼ inch, cargo 20 tonnes(1 trip) 120,000.00 – 135,000.00
Granite (Stone dust). 20 tonnes. (1 trip) 96,000.00 110,000.00
Product Description 2021( Cost=N=)
Gravel(1-¼ inch) 7 tonnes (1 trip) 45,000.00 – 60,000.00
BUILDING SAND
Sharp sand 20 tonnes(1 trip) 60,000.00- 70,000.00
Soft sharp sand 20 tonnes(1 trip) 90,000.00 -100,000.00
sharp sand Filling 20 tonnes (1 trip) 52,500.00 -60,000.00
Quarry Dust Filling 20 tonnes(1 trip) 130,000.00 – 140,000.00
LATERITE SOIL
Highly clayish, red laterite soil. 10 tonnes(1 trip) 20 tonnes(1 trip) 14,000.00 22,000.00.
Highlyclayish, yellowish-brown laterite 10 tonnes(1 trip) 20 tonnes(1 trip) 12,000.00 20,000.00
Highly clayishdirty-white. 10 tonnes(1 trip) 20 tonnes(1 trip) 10,000.00. 20,000.00
Fairly clayish,red soil 10 tonnes(1 trip) 20 tonnes(1 trip) 10,000.00 18,000.00
Fairly clayish,yellowish-brown laterite 10 tonnes(1 trip) 20 tonnes(1 trip) 10,000.00 18,000.00
Fairly clayish,dirty-white laterite. 10 tonnes(1 trip) 20 tonnes(1 trip) 10,000.00 18,000.00
BLOCKS
Blocks225mm-9”(hollow sandcrete) Vibrated. hand moulded 300.00 280.00
Blocks(hollow sandcrete, 150mm, 6-inches) Vibrated hand moulded 280.00 250.00
Blocks225-9”(laterite, choke bricks) Vibrated. Hand Moulded 120.00 100.00
Blocks150mm-6”(solid sandcret) Vibrated. Hand Moulded 320.00 290.00
NAILS
1’5 1 Bag 8,500.00
2’ 1 Bag 6,750.00
2 1/2’ 1 Bag 6,200.00
3’ 1 Bag 6,000.00
4’ 1 Bag 6,700.00
Wall nails(2’) 1 Packet 1,050.00
Wall nails(3’) 1 Packet 1,000.00
Wall nails(4’) 1 Packet 1,100.00
STEEL RODS
Local Rod 12mm (93 pieces) 405,000
Local Rod 10mm (133 pieces) 410,000
Local Rod 8mm (210 pieces) 440,000
Local Rod 16mm (52 pieces) 405,000
TMT tested standard iron rods 12mm (93 pieces) 420,000
TMT tested standard iron rods 16mm (52 pieces) 420,000
TMT tested standard iron rods 10mm (133 pieces) 420,000
TMT tested standard iron rods 8mm. ( 210 pieces) 450,000
TMT tested standard iron rods 20mm ( 33 pieces) 420,000
TMT tested standard iron rods 25mm (21 pieces) 420,000
BRC MESH
20m of 4.0mm. 17,500.00
25m of 4.0mm. 26,000.00
20m of 3.5mm. 14.500.00
BINDING WIRE
A roll of STIFF type 11,500.00
A roll of FLEXIBLE type 10,00.00
ROOFING SHEETS
Stone-coated roofing sheet
Shake design Shake design.(0.55mm thick) 3,250.00
Roman design Roman design. (0.55mm thick) 3,250.00
Classic design Classic design. (0.55mm thick) 3,050.00
Shingle design Shingle design. ( 0.55mm thick) 3,250,00
Fiber Britment roofing sheets
Swiss roofing sheet 3,500.00
Aluminum sheets (for roofing)
METCOPPO sheet 0.55mm thickness 0.45mm thick 2,350.00 1,700.00
Long span sheet 0.55 mm thick 0.45mm thick 2,050.00 1,500.00
Step tile sheet 0.55 mm thick 0.45mm thick 2,300.00 1,600.00
WATER CLOSET SEATS
A & S 55,000.00
Nismad 62,500.00
Sweet home 62,500.00
Twyford 61,500.00
Virony 75,000.00
PRICE LIST OF WINDOWS
Windows (casement) 600*600mm Bronze-glazed 7,500.00
600*600 mm Aluminum-covered 7,500.00
600×750 mm bronze-glazed 4,250.00
Windows (sliding) 600×600 mm Bronze-glazed 7,250.00
600×750 mm bronze-glazed 7,500.00
600×600 mm Aluminum-covered 4,250,00
Windows Louvre 1500*1200mm window 8,000.00
750*750mm window 1,800.00
1800*1200mm window 10,000.00
Products Description Cost
DOORS
Nigerian Doors Chinese door, single (imported) 15,000.00
Double Door imported 35,000.00
Turkey double security door (imported) 27,500.00
Imported Security Double Door 55,000.00
Low—density Flush plywood 5,500.00
Flush plywood high-density 10,000.00
Security Single door (metal) 22,500.00
Security double door (meta) 30,000.00
Domestic Furniture Doors 7,000.00
China Doors
Watson Times Chinese Door 75,000.00
Watson Times Chinese Door (4 & 5 Feet) 67,500.00
China Steel Doors 59,500.00
China Security Door 125,000.00
Turkey Doors
Turkey Hardwood Door 77,500.00
Turkey Laminox Door 105,000.00
Turkey Door-in Door 125,000.00
Turkey Luxury Door 325,000.00
Turkey Coco Castello Door 225,000.00
Security Doors
Watson Time – Chinese Security Steel Door 3 feet 47,500.00
4feet 47,500.00
Turkish Classic Security Door: 3 feet 120,000.00
4feet 130,000.00
German Armord Security Door (Iron): 3 feet 160,000.00
4 feet 200,000.00
Local Metal (Steel) Security Doors: 3 feet 27,500.00
4 feet 34,500.00
Turkish Luxury Security Doors: 3 feet 260,000.00
4 feet 280,500.00
German Copper Security Door: 3 feet 57,500.00
4 feet 70,000.00
Products Description Cost (=N=)
Burglary Proof 1200*1200mm. burglar- proof (wrought iron) 9,500.00
1500*1200mm burglar-proof (wrought iron) 11,000.00
900*2100mm burglar-proof (wrought iron) 13,500.00
750×750mm burglar-proof (wrought iron) 2,100.00
900×1200mm burglar- proof (wrought iron) 5.750.00
Wood
Hardwoods 3* 4 1,400.00
2 * 2 525.00
2 * 3 655.00
2 * 4 900.00
2 * 5 450.00
2 * 6 1,725.00
Softwood 2 * 4* 12 800.00
2 *3 * 12 525.00
2*2 500.00
1*2*12 1,600.00
Ply woods
Afara Plywood 1 sheet of ½-inch 3,250.00
1 sheet of ¼-inch 2,150.00
1 sheet of ¾-inch– 5,250.00
Obeche Plywood 1 sheet of ½-inch 3,000.00
1 sheet of ¼-inc 1,725.00
1 sheet of ¾-inch 4,250.00
Resin Coated Plywood 1 sheet of ½-inch 2,900.00
1 sheet of ¾-inch 3,500.00
1 sheet of ¼ -inch 2,650.00
Veneer Plywood 1 sheet of ½-inch 2,750.00
1 full sheet of ¼-inch 2,850.00
1 sheet of ¾-inch 3,750.00
1 sheet of ¼-inch mg’s Plywood 1,800.00
1 sheet of 3/4-inch Plywood (marine) 9,000.00
Floor Tiles
Tiles (vitrified) 30*30 pack 1,250.00
40*40 pack 1,350.00
30×30 pack 1,525.00
Ceramic tiles price 30 × 30 pack 1,350.00
40 x 40 pack 1,575.00
Unpolished Porcelain 40 x 40 pack 2,750.00
30 x 60 pack 3,375.00
Conclusion
Having a prior knowledge of cost of building materials will help when interacting with engineers, architects, professional builders, artisans and suppliers. We do hope that you did find this article useful. Dennis Isong Helps Individuals Invest Right In Real Estate.For Questions On This Article Or Enquiring About Real Estate Email: Dennis@Landproperty.ng or Whatsapp/Call +2348164741041